A template is essentially a model that serves as the basis for something else. An Excel template is a workbook that's used to create other workbooks. You can save any workbook as a template file (XLTX extension). Doing so is useful if you tend to create similar files on a regular basis. For example, you might need to generate a monthly sales report. You can save some time by creating a template that holds the necessary formulas and charts for your report. When you start new files based on the template, you need only plug in the values.
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